NOT LISTED FOR SALE

Estimated Value: $2,520,000 - $3,440,899

3 Beds
1.5 Baths
1,250 Sq Ft
$2,287/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $1,425,000 $1,140 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $19,260/month

83 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Forced Air Heating System
  • Borel Middle School Rated A-
  • Formal Dining Room
  • Washer and Dryer

About This Home

As of July 2017

Wait until you see this, rare development opportunity along El Camino in prime location of San Mateo! A highly maintained 3 bedroom 1.5 bathroom home sits upon extra large lot that is zoned R4 with possibility of another unit, or 2 more units to be built. There are professional architectural plans drawn with landscape survey for 3 Townhomes that need city approval, however come with the property! Perfect location with close proximity to downtown Burlingame, downtown San Mateo, Caltrain and 101 access.

Last Listed By

Ali Gilmartin Davis

Gilmartin Group License #01909259 Listed on: 04/21/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,684

Year Built

  • 1926

Lot Details

  • 7,754 Sq Ft Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Granite Countertops
  • Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,684

Year Built

1926

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Single Family Home
  • Age: 91
  • Listing Class: Residential
  • Structure Sq Ft: 1250
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Granite
  • Fireplace: Yes
  • Living Sq Ft: 1250
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7750.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Lu Jim K and Lu Pei
Bought by
Lu Jim K and Lu Pei
Total Days on Market
83
Current Estimated Value
$2,858,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$867,000
Outstanding Balance
$835,833
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$2,195,384

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jul 20, 2017
Sold by
Baldwin Wallace Craig and Spina Steve
Bought by
Lu Jim K and Lu Pei
Seller's Agent
Ali Gilmartin Davis
Gilmartin Group
Buyer's Agent
Alex Kang
Maxreal
List Price
$1,588,000
Sold Price
$1,425,000
Premium/Discount to List
-$163,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$855,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 24, 2014
Closed on
Feb 12, 2014
Sold by
Westcott Patricia A
Bought by
Baldwin Wallace Craig and Spina Steve
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Timothy Gilmartin
Gilmartin Group
List Price
$798,000
Sold Price
$875,000
Premium/Discount to List
$77,000
9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.23%

Purchase Details

Closed on
May 20, 2003
Sold by
Westcott Patricia A
Bought by
Westcott Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1994
Sold by
Westcott Patricia A
Bought by
Westcott Patricia A

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lu Jim K -- First American Title
Lu Jim K $1,425,000 North American Title Co Inc
Baldwin Wallace Craig $875,000 North American Title Co Inc
Westcott Patricia A -- Old Republic Title Company
Westcott Patricia A -- Old Republic Title Company
Westcott Patricia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Jim K $867,000
Previous Owner Lu Jim K $855,000
Previous Owner Westcott Patricia A $171,500
Previous Owner Westcott Patricia A $50,000
Previous Owner Westcott Patricia A $196,000
Previous Owner Westcott Patricia A $195,000
Previous Owner Westcott Patricia A $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2017 07/24/17 Sold $1,425,000 -10.3% $1,140 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $1,588,000 +81.5% $1,270 / Sq Ft
02/14/2014 02/14/14 Sold $875,000 +9.6% $678 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $798,000 -- $618 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $39,684 $3,214,225 $1,093,645 $2,120,580
2022 $37,391 $3,151,201 $1,072,201 $2,079,000
2021 $26,813 $2,236,208 $1,051,178 $1,185,030
2020 $17,419 $1,456,200 $1,040,400 $415,800
2019 $17,645 $1,453,500 $1,020,000 $433,500
2018 $16,960 $1,425,000 $1,000,000 $425,000
2017 $11,304 $924,212 $462,106 $462,106
2016 $11,297 $906,092 $453,046 $453,046
2015 $11,043 $892,482 $446,241 $446,241
2014 $5,246 $358,330 $108,290 $250,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81647922

MLSListings

APN: 032-141-260